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Top-notch Stock to Watch: Kinsale Capital Group Inc. (KNSL)

Kinsale Capital Group Inc. (NYSE: KNSL) shares have increased in value by more than 44% in the last year. This is higher than the industry’s average growth rate during the same time period. A KNSL share cost $261.8 5 in the August 30 trading.

Kinsale Capital Group Inc. (KNSL) is unique in that it works in the market of insurance for subtle risks, with a focus on excess and supplemental insurance products (E&S). This insurance is chosen to cover hazards that are not covered by traditional insurance plans.

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The firm often produces unique policies with a greater rate of return and a lower loss ratio, allowing it to exceed the industry norm. Kinsale Capital Group’s combined ratio (a measure of insurance company performance) has been at 82% in recent years, while the larger insurance industry’s is at 99%.

It should be noted that the combined ratio is the ratio of overall claims expenses and losses to accepted premiums. A ratio less than 100% indicates that the company’s policies are lucrative; the lower the number, the better.

Kinsale Capital Group’s total revenue has increased at a CAGR of 40% since coming public in 2016, while net income has grown at a CAGR of 33%. KNSL boosted their net written premiums by 47% year on year in 2022. As a consequence, the firm recorded a combined ratio of 77.8%.

Consider that Kinsale Capital Group Inc. (KNSL) confronts far less fierce competition in its niche E&S sector, whereas the larger insurance industry has been struggling for more than a decade. However, while business continues to face inflationary pressures, demand for E&S policies will remain robust, presenting Kinsale Capital Group with a favourable environment.

KNSL is up 43.30% over the last year and down -1.45% over the previous week in terms of performance. The stock price index is up 7.54% in one month and 19.09% in three months. In the last six months, it has returned 24.69%.

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